Industrial Power Transmission Belt Market

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Presents a Research Report on Industrial Power
Transmission Belt Market
Industrial Power Transmission Belt Market is
Segmented by Application Type (General
Industries, Energy Others, Construction
Materials, Food Beverage, Warehouse
Distribution, Lumber Aggregates, and
Agriculture), by Belt Type (Synchronous Belt,
V-Belt, Micro V-Belt, and Others), by End-User
Type (OE and Aftermarket), and by Region (North
America, Europe, Asia-Pacific, and Rest of the
World) sales_at_stratviewresearch.com
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Industrial Power Transmission Belt Market Growth
and Forecast Highlights Drivers

• The industrial power transmission belt market is
  expected to grow at a healthy CAGR of 4.1 to be
  reaching a value of US 3.7 billion in 2026.
• Industrial power transmission belts are favored
  in the mechanical industry over other power
  transmission devices because they are easier to
  install, have a wide range of speed options,
  lowered power loss, and are less expensive.
• By absorbing shocks and vibration, industrial
  power transmission belts safeguard rotating
  machinery from overload fluctuations. These
  characteristics are projected to propel the
  industrial power transmission belts market.
• The transformation of labor-intensive crop
  production to machine-based processes is boosting
  the industrial power transmission belt market
  during the anticipated period.
• It is anticipated that the adoption of
  transmission belts will rise in the future, owing
  to its several advantages like high power
  transmission capacity, low noise, lower
  vibration, etc.
• An increase in consumer disposable income will
  contribute to growth in the consumer goods
  industry, boosting manufacturing operations
  leading to the increasing demand for industrial
  power transmission belts.

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Market Insights

• By Application Type
• Agriculture is expected to remain the biggest
  demand generator, whereas warehouse
  distribution is expected to be the
  fastest-growing application type in the market
  during the forecast period.
• Agriculture application registered no decline
  amid the pandemic as there were very limited
  restrictions on the agriculture industry due to
  its importance and necessities compared to other
  industries.
• By Belt Type
• V-belt is expected to remain the dominant belt
  type in the market during the forecast period.
• V-belts are simple to install and reduce shock
  loads and require less maintenance. They are
  currently available in a wide range of
  configurations for transmitting virtually any
  amount of load power.
• By System Type
• Aftermarket is expected to remain dominant during
  the forecast period.
• The industrial power transmission aftermarket is
  being driven by an increase in the replacement of
  worn belts with modernized power transmission
  belts.

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Market Insights

• By Region
• Asia-Pacific is expected to remain the largest as
  well as the fastest-growing market for industrial
  power transmission belts during the forecast
  period.
• China, India, Japan, and South Korea are expected
  to offer attractive prospects of growth in the
  wake of growing applications in industries such
  as construction, agricultural, chemical,
  pharmaceutical, warehouse distribution, and
  mining.

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Competitive Insights

• Key Companies Analysed
• AB SKF
• Bando Group
• Continental AG
• Dayco Corporate
• Gates Corporation
• Megadyne (Ammega from 2018)
• Mitsuboshi Belting Ltd.
• Optibelt GmbH
• Schaeffler Group
• Timken (Carlisle)

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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Market Segmentation

• Industrial Power Transmission Belt Market, by
  Application Type
• General Industries (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Energy Others (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Construction Materials (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Food Beverage (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Warehouse Distribution (Regional Analysis
  North America, Europe, Asia-Pacific, and RoW)
• Lumber Aggregates (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Agriculture (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Industrial Power Transmission Belt Market, by
  Belt Type
• Synchronous Belt (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• V-Belt (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• Micro V-Belt (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• Industrial Power Transmission Belt Market, by End
  User Type
• OE (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)

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Market Segmentation

• Industrial Power Transmission Belt Market, by
  Region
• North America (Country Analysis USA, Canada, and
  Mexico)
• Europe (Country Analysis Germany, France, the
  UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis Japan, China,
  India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis Brazil,
  Saudi Arabia, and Others)

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